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The Balancing Act is of All the Essence at Letshego

Wholesale bank funding from local sources, development finance institutions and bond markets are all in the mix at Letshego as the pan-African micro-lender focuses on minimising cost of funds for its customers across the continent. Staff Writer KITSO DICKSON reports 

mm by Kitso Dickson
September 2, 2022
in Companies & Markets
Reading Time: 1 min read
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The Balancing Act is of All the Essence at Letshego

GABORONE 29 August 2022, Financial service provers Letshego Holding Limited announces the half year financial result in Gaborone on 29 August 2022. Group Chief Executive officer Aobakwe Aupa Monyatsi and Group chief finance officer Gwen Muteiwa announce the result to the guests. The result reflects 18 percent less profit before Tax compare to the last year same period. Monyatsi (L) and Muteiwa (R) during the result announcement. (Pic:MONIRUL BHUIYAN/PRESS PHOTO)

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“We don’t necessarily increase rates as reference rates are increased,” says Gwen Muteiwa, the Chief Finance Officer (CFO) of Letshego Holdings, responding to a question from Antwi Kwanena, the Portfolio Manager at Kgori Capital, this week.  

“Our customers want some level of predictability in terms of instalments,” Muteiwa continued to wrestle with the question which sought to establish how the lender passed its cost of funds to customers. The query from Kwabena Antwi, Portfolio Manager at Kgori Capital was motivated by the elevated interest expense which the CFO had in her presentation said the company experienced particularly during the first half of 2022.

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Tags: Antwi KwanenaGwen MuteiwaLetshego Holdings

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